Norton Rose Fulbright with lenders on USD 300 m facility for Nurol İnşaat
Norton Rose Fulbright advised a syndicate of lenders on a USD 300 million facility for Turkish construction company Nurol İnşaat Ve Ticaret, a subsidiary of Nurol Holding.
Emirates NBD and First Abu Dhabi Bank acted as joint initial mandated lead arrangers and bookrunners on the transaction, with Akbank, Bank of Bahrain and Kuwait B.S.C., Commercial Bank of Dubai P.S.C. serving as mandated lead arrangers. Nurol Holding acted as guarantor.
The Norton Rose Fulbright team
Dubai-based partner Aditi Sanyal (pictured) led the cross-border Norton Rose Fulbright team, with support from Dubai-based senior associate Jennifer Hanna and associate Madison Colangelo, as well as Istanbul-based legal consultant Ezgi Alkim.
Norton Rose Fulbright collaborated with its professional alliance firm Pekin Bayar Mizrahi on the matter, with senior partner Selin Bayar, partner Utku Ünver and counsel Ayça Gümüşay advising on Turkish law aspects.
The comment
“This transaction,” commented partner Aditi Sanyal, “demonstrates the strength of regional lender support for Turkish corporates and highlights the increasing appetite for cross-border financings in the construction sector.”
